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Tag Archives: Fluor Marine Propulsion

EM’s Weekly Roundup: QinetiQ to Acquire MTEQ; Fluor, Lockheed Martin, CACI Win Huge Contracts; POC Hosting FY20 Budget and Procurement Forum on Oct. 16th & Weekly Top 10 Stories

QinetiQ announced on Wednesday that the company has entered into an agreement to acquire Manufacturing Techniques (MTEQ) on a cash-free, debt-free basis for $105 million to be paid in cash on completion. The transaction will more than double the size of QinetiQ’s U.S. operations.  “The acquisition of MTEQ is a …

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Fluor Wins Potential $13B US Naval Nuclear Propulsion Support Contract

Fluor‘s (NYSE: FLR) marine propulsion business has won a potential $13.07 billion contract from the U.S. Navy to perform propulsion work for the Naval Nuclear Laboratory. Two offers were submitted to the Naval Sea Systems Command for the cost-plus-fixed fee contract with a $1.22 billion initial value, the Defense Department said Thursday. …

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